Investment overhang spells trouble for China

Persistently high levels of investment are producing diminishing returns and may signal a correction.
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China needs to focus on more productive investments
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<div style="text-align: left;"> China needs to focus on more productive investments </div>

You can’t keep a good China bull down. After a brief flirtation with notions of a hard landing, the conventional wisdom now has it that China is poised to resume its inexorable rise to global superpower.

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